On the company's earnings call, CEO Tim Cook said that Apple had its best results ever in Greater China in December, with revenue growing 14% over last year. He also reiterated the growing signs of "softness," but also said that Apple is "maintaining investment plans" in the region.

Last year, Apple launched its music streaming service in China, as well as the Apple Watch.

"You need to take into account the business opportunities that we have, but also the realities of an economic environment that is not ideal right now," Maestri told Bloomberg's Adam Satariano.

Apple's guidance proved analysts' theory that Apple might finally be running out of room to grow.

Although Apple's revenue from China grew this quarter, Maestri's comments and the guidance hints that the company doesn't expect huge sales there next quarter: